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Beverage Carton Packaging Machinery Global Market Overview, Driving Factors, Future Trends, Key Players and Growth Opportunities And Forecast By 2033
Beverage Carton Packaging Machinery Market
As per the report, the beverage carton packaging machinery market size has grown strongly in recent years. It will grow from $1.14 billion in 2023 to $1.2 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The beverage carton packaging machinery market size is expected to see strong growth in the next few years. It will grow to $1.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
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Rising Demand For Green Packaging Fuels Growth In Beverage Carton Packaging Machinery
An increase in the use of green packaging materials is expected to propel the growth of the beverage carton packaging machinery. Green packaging, also known as sustainable packaging, employs components and production methods to lower energy consumption and lessen the damaging effects of packaging on the environment. Carton packaging is one of the sustainable packaging options that is increasing the need for beverage carton packaging machinery. For instance, in March 2022, according to the Global Buying Green Report 2021, the market for environmentally friendly packaging in the United States is anticipated to reach US$ 42.7 billion in 2021 and US$ 252.3 billion globally by 2026. Consumers claim to be willing to pay more for sustainable packaging in about 71% of cases, and younger purchasers are even more willing, at 83% of the time. Therefore, an increase in green packaging materials is driving the growth of beverage carton packaging materials.
Technological Advancements Driving Innovation In Beverage Carton Packaging Machinery Market
Technological advancement is a key trend gaining popularity in the beverage carton packaging machinery market. Major companies in the beverage carton packaging machinery market are advancing in their new technologies, research, and developments to gain a competitive edge in the market. For instance, in October 2021, Advanced Tooling Systems (ATS) packaging, a UK-based provider of advanced tooling systems, launched a Gemini linear machine, which is a capping machine for food and beverage applications. The Gemini linear capping machine will have completely programmable high-precision tightening technology that is appropriate for a wide range of closures, including screw caps, push-on caps, dispensing pumps, and spray triggers. The machine is versatile since it can be configured with one to eight capping heads and can produce speeds of up to 80 packs per minute depending on the type of container handling system used.
The beverage carton packaging machinery market covered in this report is segmented -
1) By Type: Horizontal end side-load, Top-load, Wraparound, Vertical leaflet, Vertical sleeve
2) By Form: Automatic, Semi-automatic
3) By Application: Alcoholic beverages, Soft drinks, Dairy beverages
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Major companies operating in the beverage carton packaging machinery market report are KHS GmbH, Econocorp Inc., Jacob White Packaging, Bradman Lake Group, Mpac Group plc., Douglas Machine Inc., Sidel, Krones AG, Tishma Technologies, R.A. Jones Bradman Lake Group Ltd., Mitsubishi Electric Corporation, Langfang Best Crown Packing Machinery Co. Ltd., ACG Group, GPI Equipment, Syntegon Technology, Cariba Srl, Bosch Packaging Technology, Tetra Pak, SIG Combibloc Group AG, Combi Packaging Systems LLC, Pakmatic Company, Pak-Tec Inc., Serac Group, Elopak, Uflex Ltd., IPI srl, BERICAP, Galdi, Nichrome India Ltd., OCME S.r.l.
Contents of the report:
1. Executive Summary
2. Beverage Carton Packaging Machinery Market Report Structure
3. Beverage Carton Packaging Machinery Market Trends And Strategies
4. Beverage Carton Packaging Machinery Market - Macro Economic Scenario
5. Beverage Carton Packaging Machinery Market Size And Growth
…..
27. Beverage Carton Packaging Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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